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Featured local agent — Big Stone Gap, VA
Sarah Mitchell
Compass Real Estate · Big Stone Gap, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Big Stone Gap, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$242,500median sale price
How is the Big Stone Gap, VA housing market right now?
The median home sale price in Big Stone Gap, VA is $242,500, up 102.1% year-over-year. Homes sell in an average of 248 days with 18 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Big Stone Gap a buyer's or seller's market?
Big Stone Gap, VA is currently a leaning buyer's, based on 3.0 months of supply and homes selling in about 248 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
248
Average pace
Active listings
18
3.0 months supply
Sale-to-list
95.9%
Below asking
What does the Big Stone Gap housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $242,500 |
| Median list price | $99,900 |
| Year-over-year price change | +102.1% |
| Average days on market | 248 days |
| Active inventory | 18 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 95.9% |
| Median price per sq ft | $90/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 9 |
| Listings with a price cut | 27.8% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Big Stone Gap by property type?
How the Big Stone Gap, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $242,500 | $90/sq ft | 6 | 248 days |
Source: Redfin · Updated monthly
The Big Stone Gap housing market is currently classified as a leaning buyer's with a median sale price of $242,500. Prices have risen 102.1% compared to last year, with homes spending an average of 248 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Homes for sale in Big Stone Gap
There are currently 18 homes listed for sale in Big Stone Gap, Virginia. The median listing price is $100K.
Active listings
18
Homes on market
Median list price
$100K
Avg. days on market
248
Days until sale
New this week
9
Newly listed
Who lives in Big Stone Gap?
Population
5,193
Median income
$51,059/yr
Median age
41.1 years
Owner-occupied
62.0%
College grads
18.8%
Avg commute
19.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Big Stone Gap?
Zillow home value
$148,631
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Big Stone Gap?
Big Stone Gap is a community of approximately 5K residents with a median age of 41.1 years.The median household income is $51,059, which represents a working-class community with solid middle-income opportunities. 18.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.0%, showing a blend of owner and renter-occupied properties. The average commute time is 19.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Big Stone Gap offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Big Stone Gap?
3 schools tracked · 1,966 students
The largest public schools serving Big Stone Gap, VA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Union Primary
Grades PK-4 · 830 students
Union Middle
Grades 5-8 · 569 students
Union High
Grades 9-12 · 567 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Big Stone Gap, VA?
Want a head-to-head view? Compare Big Stone Gap side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Big Stone Gap?
The median home sale price in Big Stone Gap is $242,500, up 102.1% from last year.
How long do homes stay on market in Big Stone Gap?
Homes typically spend 248 days on market before going under contract.
What is the median income in Big Stone Gap?
The median household income is $51,059 per year.
Is Big Stone Gap a buyer's or seller's market?
With 3.0 months of supply, Big Stone Gap is currently a leaning buyer's.
What is the Zillow home value estimate for Big Stone Gap?
The Zillow Home Value Index (ZHVI) for Big Stone Gap is $148,631, representing the typical home value in the area.
How much does a single-family home cost in Big Stone Gap?
The median single-family home price in Big Stone Gap, VA is $242,500 (about $90 per square foot).
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